Insider has teamed up with a movie production studio to produce a docuseries about the demise of MoviePass based on its coverage, reports Denise Petski of Deadline Hollywood.
Petski reports, “The docuseries is based on Insider reporter Jason Guerrasio’s award-winning coverage of the rise and fall of the company. Guerrasio’s reports chronicled MoviePass’ explosive growth in 2017 after offering unlimited theatrical movies for just $9.95 a month, through its downfall.
“‘Employing a sexy price to turbo-charge subscriber growth, the investors who took over the company sought the rapid success experienced by high-flying startups like WeWork and Uber. But through over-the-top parties, inexplicable mismanagement, and questionable behind-the-scenes deals, the new leadership of MoviePass slowly alienated its customers and shuttered its service just two years after its surge into the zeitgeist,’ producers say.
“The docuseries will explore MoviePass’ founding by Stacy Spikes and Hamet Watt and the implosion of the business by outside investors who took over the company before leaving it bankrupt and under investigation by the FBI.”
Read more here.
